|Chapter 1 – The new role of procurement||Chapter 2 – External Threats Plaguing Procurement|
The role of procurement has changed. It’s evolved from a cost saving function to an invaluable strategic partner with responsibilities that span risk management, supplier performance, contract compliance, new product development, sustainability impact and more. Thought leaders and industry analysts are attributing today’s procurement operation challenges to a lack of skills and talent required to carry out this growing list of new duties – but they are wrong. The primary problem affecting global procurement professionals today is inadequate capacity, caused by an internal lack of understanding about the new role of procurement.
Between January and March 2015, 830 procurement decision makers were interviewed, across five geographic markets: France, Germany, Spain, the UK and the US. The study included respondents from a wide range of sectors and company sizes, with responsibility for both direct and indirect procurement, and is the second largest study of procurement professionals ever conducted.
When analysing the multitude of data that the study produced, a number of distinct themes emerged which will be released in a number of chapters throughout 2015.